Slate Grocery REIT
Slate Grocery REIT is a publicly traded REIT (TSX: SGR.UN) that owns 115 grocery-anchored U.S. retail properties spanning 15.2 million square feet across 23 states, leasing space to national and regional grocery operators and paying monthly distributions to income-focused unitholders.
- Company typePublic
- Founded2012
- HeadquartersToronto, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Slate Grocery REIT does
Slate Grocery REIT is a Toronto-domiciled, publicly traded real estate investment trust (TSX: SGR.UN) that owns and operates a 100% grocery-anchored U.S. retail portfolio. As of Q1 2026, the portfolio comprised 115 properties spanning approximately 15.2 million square feet across 23 U.S. states, with a valuation of approximately $2.38–$2.4 billion and a market capitalization near $1 billion. The REIT's sole product is its grocery-anchored real estate portfolio, leased to national and regional grocery operators and complementary retail tenants, with portfolio occupancy of 94.4–95% and 2025 renewal spreads of 14.9% above expiring rents. Q4 2025 rental revenue was $54.6 million (up 2.9% year-over-year), with same-property NOI of $165.6 million on a trailing-twelve-month basis and stable FFO per share of $1.04–$1.06. The REIT distributes earnings to unitholders at an annualized rate of US$0.864 per Class U unit, payable monthly, implying a ~7% dividend yield. The portfolio is externally managed by Slate Asset Management, which in May 2026 submitted an unsolicited takeover proposal, prompting the board to form a special committee and initiate a strategic review that may culminate in a sale or go-private transaction.
Slate Grocery REIT firmographics
Firmographics- Name
- Slate Grocery REIT
- Legal name
- Slate Grocery REIT
- Website
- http://www.slateretailreit.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Slate Grocery REIT is a publicly traded REIT (TSX: SGR.UN) that owns 115 grocery-anchored U.S. retail properties spanning 15.2 million square feet across 23 states, leasing space to national and regional grocery operators and paying monthly distributions to income-focused unitholders.
- Ownership category
- akta.pro rank
Slate Grocery REIT industry classification
Industry- Product category
- Commercial Real Estate Investment Trust (Grocery-Anchored REIT)
- SIC
- Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industry
- Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)
Keywords
Where Slate Grocery REIT is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Slate Grocery REIT business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Rental Revenue: Primary revenue from leasing grocery-anchored retail properties to tenants. Q4 2025 rental revenue was $54.6 million, representing 2.9% year-over-year growth. The REIT completed 1.7 million square feet of total leasing during 2025 at strong rental spreads.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Monthly distribution of US$0.072 per Class U unit |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Slate Grocery REIT product offering
Product offeringCore offering
Slate Grocery REIT acquires, owns, and operates a 100% grocery-anchored U.S. commercial real estate portfolio of 115 properties spanning ~15.2 million square feet across 23 U.S. states. The REIT generates revenue by leasing space to national and regional grocery operators and complementary retail tenants under multi-year leases, and then distributes substantially all taxable income to unitholders in the form of monthly cash distributions (US$0.072 per Class U unit, ~7% yield). External asset management is provided by Slate Asset Management.
Product overview
Slate Grocery REIT is a single, unified real estate investment trust offering - not a platform-plus-modules architecture. The company's sole product is its U.S. grocery-anchored real estate portfolio, consisting of 115 properties across major U.S. metro markets totaling approximately $2.4 billion in assets and 15.2 million square feet. The REIT generates revenue through leasing space to grocery tenants and other retail operators, paying distributions to unitholders. The portfolio is managed by external manager Slate Asset Management.
Differentiator
Problem solved
Functional benefit
Products and services
- Slate Grocery REIT Portfolio A pure-play U.S. grocery-anchored commercial real estate portfolio of 115 properties totaling approximately 15.2 million square feet across 23 U.S. states, leased to national and regional grocery operators and complementary retail tenants; the REIT distributes rental cash flow to unitholders as monthly cash distributions.
Quantifiable outcome
- 95% occupancy rate as of Q1 2026
- +4 more outcomes
Companies that use Slate Grocery REIT
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Slate Grocery REIT technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Slate Grocery REIT partnerships and signals
Strategic signalScale indicators12 records
Recent moves6 records
Expansion highlights4 records
Slate Grocery REIT competitors and assessment
Company assessmentDirect peers
- Federal Realty Investment Trust: High-quality grocery-anchored mixed-use shopping center REIT (NYSE: FRT). Comparable by tenant profile and product type, but with a higher-end coastal market tilt and longer operating history.
- BRT Realty Trust: Smaller net-lease REIT (NYSE: BRT) with material grocery-anchored exposure. Comparable on tenant mix and structure though smaller in scale and more net-lease oriented.
- Kite Realty Group: Grocery-anchored and mixed-use shopping center REIT (NYSE: KRG) that combined with Retail Properties of America. Highly comparable on grocery-anchored strategy and tenant mix.
- Regency Centers: Large-cap grocery-anchored shopping center REIT (NASDAQ: REG). Direct strategic peer given the shared grocery-anchored, necessity-retail focus, though Regency is meaningfully larger and trades at premium multiples.
- Kimco Realty: Largest U.S. grocery-anchored shopping center REIT (NYSE: KIM) following its Weingarten/RPAI combinations. Comparable by asset class, though considerably larger and more diversified across formats.
- Necessity Retail REIT: Grocery-anchored and necessity-based retail REIT (formerly NASDAQ: RTL, now operating as Global Net Lease post-merger). Closely comparable philosophy and tenant selection but materially larger and globally diversified post-merger.
- Phillips Edison & Company: Pure-play U.S. grocery-anchored shopping-center REIT publicly traded on Nasdaq (PECO). Closest comparable by strategy, asset type, and grocery-tenant focus; differs mainly by size and acquisition pace.
Broad incumbents
- Spirit Realty Capital: Net-lease retail REIT (NYSE: SRC, acquired by Realty Income in 2024) historically comparable on grocery-anchored strategy. Now a useful historical benchmark for consolidation dynamics in the space.
- Agree Realty Corporation: Large net-lease REIT (NYSE: ADC) with material grocery and convenience-anchored exposure. Comparable by tenant category and single-tenant structure, but net-lease rather than multi-tenant shopping center format.
Emerging players
- Getty Realty: Net-lease REIT (NYSE: GTY) focused on convenience, automotive, and grocery-adjacent retail. Comparable by single-tenant lease structure and essential-retail tenant base, but smaller and more niche.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Slate Grocery REIT social profiles
Digital presenceSlate Grocery REIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
Slate Grocery REIT leadership team
Management profileNumber of profiles
Slate Grocery REIT funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Slate Grocery REIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Slate Grocery REIT
What does Slate Grocery REIT do?
Slate Grocery REIT acquires, owns, and operates a 100% grocery-anchored U.S. commercial real estate portfolio of 115 properties spanning ~15.2 million square feet across 23 U.S. states. The REIT generates revenue by leasing space to national and regional grocery operators and complementary retail tenants under multi-year leases, and then distributes substantially all taxable income to unitholders in the form of monthly cash distributions (US$0.072 per Class U unit, ~7% yield). External asset management is provided by Slate Asset Management.
Is Slate Grocery REIT a public or private company?
Slate Grocery REIT is a public company. It is classified as public and is currently operating.
When was Slate Grocery REIT founded?
Slate Grocery REIT was founded in 2012. It employs 51 to 100 people.
Where is Slate Grocery REIT based?
Slate Grocery REIT is headquartered in Toronto, Canada, in the North America region.
How does Slate Grocery REIT make money?
One revenue line is on record: rental Revenue.
Who are Slate Grocery REIT's main competitors?
Direct peers on record are Federal Realty Investment Trust, BRT Realty Trust, Kite Realty Group, Regency Centers, Kimco Realty, Necessity Retail REIT and Phillips Edison & Company. Broad incumbents are Spirit Realty Capital and Agree Realty Corporation. Getty Realty is listed as an emerging player.
Does Slate Grocery REIT have an API?
No public API is recorded for Slate Grocery REIT.
What industry is Slate Grocery REIT in?
Slate Grocery REIT's product category is Commercial Real Estate Investment Trust (Grocery-Anchored REIT). Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of FSAAAKAA, Core Real Estate (Stabilized/Core-Plus). Its SIC code is 6798.